The price of Bitcoin fell to an almost two-month low on January 13, the Correspondent reports.
It is noted that the price of the cryptocurrency fell by 3,6%, to $90, which is the lowest level since November 957 and well below its peak of $26, reached in December.
Other crypto assets also fell in price, with Ether down 5,3% as of 11:36 a.m. in London.
According to Investing, US employment data released on January 10 confirmed the Federal Reserve's forecast for smaller interest rate cuts this year.
The U.S. economy added 256 jobs in December, beating expectations for 153, and the unemployment rate fell to 4,1% from 4,2% in November. Such strong labor market data suggests the Fed may take a more cautious approach to easing monetary policy.
It is noted that higher interest rates may put pressure on Bitcoin and other cryptocurrencies, as they often lead to a strengthening of the US dollar and reduced liquidity in financial markets.